Thanks to both yourself and a previous poster that put this link up.
It makes a compelling case for the economics of decentralised MABR treatment. At 72c/m3 V centralised @ 83c/m3 of treated effluent it is a clear winner. Always good to see the claimed numbers.
What was also something of a revelation is on page 39, showing the progression of China projects. With 200 existing only 78 are completed/operational.
These numbers highlight MABR is not a simple widget that goes from sale to use in short order. As it shows, sell, produce, install then commission is a pretty long pipe. (No wonder FLC is employing engineering staff)
Covid 19 impacts aside, I do wonder if FLC is still gearing up to deliver on existing sales, rather than struggling to make sales. As milestones are achieved, cash flow and revenue will match this ordered progression of individual projects. This gives confidence in FLC projections as much of it is already in execution.
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